Crowdfunding, the latest way for start-ups to raise capital in order to launch their products/services, has enjoyed quite a bit of attention recently. Instead of looking for angels and investors to plough large sums of money into their businesses (and be eligible for a return when the company has future liquidity events or IPOs), many would-be entrepreneurs are taking the crowdfunding route. This makes great sense in many ways, one of the most important being that the company founder(s) maintain total control over the business, allowing them to adhere closely to their original ideas and visions.

I first came across the concept of crowdfunding a couple of years ago when I discovered Kickstarter and watched a short video made by the guys who were trying to launch the social network Diaspora, a viable alternative to Facebook that allows users to maintain full ownership of their content. I was so impressed by the enthusiasm of the group and the initiative shown by these really young guys (and the fact that I have children of a similar age) that I donated to the project. This made me wonder what makes other people donate to crowdfunded projects.

We recently spoke with Smart Money Entrepreneurs founder and CEO Jeremy Andrews to find out more about the platform's crowdfunding model, which will allow entrepreneurs to raise funds from the crowd before the SEC makes rules mandated by the JOBS Act.

We recently spoke with Smart Money Entrepreneurs founder and CEO Jeremy Andrews to find out more about the platform's crowdfunding model, which will allow entrepreneurs to raise funds from the crowd before the SEC makes rules mandated by the JOBS Act.

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Crowdsourcing.org, an initiative by massolution®

Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.